Bain Capital ad defends Mitt Romney

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Bain Capital, a private asset management firm that was previously run by Republican presidential candidate Mitt Romney, is taking offense to attacks made by opponents Newt Gingrich and Gov. Rick Perry of Texas. Gov. Perry says the buyout firm practiced “vulture capitalism” and recalled two South Carolina companies which laid off hundreds of workers under Bain’s direction. Newt Gingrich supporters have created a 30-minute video arguing that Bain Capital hurt the lives of average American workers.

A television ad will be released on Friday by Romney supporters illustrating his success as a corporate buyout specialist. In the ad, the female narrator says, “Mitt Romney helped create and ran a company that invested in struggling businesses, grew new ones and rebuilt old ones, creating thousands of jobs. Those are the facts.” Romney says that the loss of any job is a “tragedy” and anytime Bain “invested in a business it was to try and encourage that business to have ongoing life.”




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